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Archive Home > 2011 > January > 27 > Moody’s ratings of states to factor in pension plans

Moody’s ratings of states to factor in pension plans

Unfunded entitlements will alter debt burden calculation

By Mary Williams Walsh / The Bulletin
January 27, 2011

Moody’s Investors Service has begun to recalculate the states’ debt burdens in a way that includes unfunded pensions, something states and others have ardently resisted until now.

States do not now show their pension obligations — funded or not — on their audited financial statements. The board....

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